Wang Yongli: Digital RMB as an alternative to cash is only the first step.

Wang Yongli, former vice president of the Bank of China and chief operating officer of the Shenzhen Neptunus group, said in a statement on Oct. 17 that the digital yuan should not be limited to the M0 transition and should be changed accordingly. The requirements include: 1. Further integration and development of the central bank's “digital currency by account” system. 2. Digital benefits can be applied to a variety of financial services (like loans) and will transform any benefits. Financial markets are also operated by many financial companies. Community organizations can initiate digital “financial transactions” in businesses and other financial institutions to record changes in lender policies and responsibilities. and their profits when starting the business, and counting interest according to the rules. agreement. 3. The business account of all business associations should be linked with the informal bank of the bank, and the name of the account system can be divided and managed according to the course.